Wellstone Action Fund

“The organization's executive committed consists of the executive director, chair, vice-chair, secretary, and treasurer. The executive committee has the authority to act on behalf of the board between meetings.”

“The sole member of the organization is re:power”

“The sole member of the organization appoints a majority of the organization's board of directors.”

“The form 990 is presented to the executive committee for review and discussion. The executive committee makes a recommendation to the full board of directors to approve or not approve the form 990. The form 990 is provided to all board members for review. After review and discussion, the full board votes to approve or not approve the form 990.”

“Board members are asked to disclose any conflicts of interest annually. In the event a conflict exists, the conflicted member leaves the room while the issue is discussed with the full board. If a conflict of interest is determined to exist, the conflicted board member is allowed to make a case, and the board then discusses whether there is an alternative to the conflict; if the board member will need to end the conflict or take the appropriate action needed to end the conflict. All proceedings related to conflicts of interest are documented in the meeting minutes.”

“The board of directors is responsible for determining and evaluating compensation for the executive director. Compensation is determined through a combination of tenure, performance evaluation, and comparison research of ed compensation of similar organizations. The board of directors executive committee makes a recommendation to set compensation which is then approved by the full board. This process was last completed in 2022. Key staff compensation is set by the executive director with guidance from the board of directors and managing directors, and is based on a current evaluation of the overall employment market, role description and responsibilities, equitable pay, and overall tenure in the role. The process described here was last completed in 2022”

“The organization makes its governing documents, financial statements, and conflict of interest policy available to the public upon request.”

“Re:power fund launched our newest program, women of color leadership, with a 12-week in-person/online hybrid cohort. The program and cohort are focused on building the leadership of mid-level women of color leaders within our movement.”

“Other professional fees: program service expenses 599,605. Management and general expenses 18,085. Fundraising expenses 28,934. Total expenses 646,624.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”